Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

A logo of Sime Darby is seen at its car showroom in Petaling Jaya, Malaysia November 30, 2023. REUTERS/Hasnoor Hussain/File Photo Acquire Licensing Rights KUALA LUMPUR/SINGAPORE, Nov 30 (Reuters) – Sime Darby (SIME.KL), Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to … Read more

Japan’s Denso to invest $3.3 billion to bulk up chips business

Japan’s Denso to invest $3.3 billion to bulk up chips business

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights TOKYO, Oct 26 (Reuters) – Japanese automotive supplier Denso (6902.T) will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as aims to triple the scale of its chips business … Read more

Low-cost EV maker e.GO eyes European, US expansion

Low-cost EV maker e.GO eyes European, US expansion

The first e.GO Life electric cars of e.GO Mobile AG are parked in front of the headquarters of the German e-car start-up during kick-off for the production of 30,000 yearly units in Aachen, Germany, May 9, 2019. REUTERS/Wolfgang Rattay/File photo Acquire Licensing Rights LONDON, Oct 20 (Reuters) – German electric vehicle maker Next.e.GO Mobile plans … Read more